Here's a couple high points of the article for those that can't open the link:
"So Gander Mountain filed bankruptcy as you know, and about 10 days ago I bought all of the assets, all of the intellectual property, all of the trademarks, all of the leases and the Overton's business. Except for the fact that I did not buy, intentionally, the inventory that's in the stores," Lemonis told IndyStar Sunday morning. "A liquidator bought the inventory that's in the stores and they have the right to sell that inventory down and out as if it's going away. But the confusing message is whether a store is staying open or not. And ultimately we control the leases ... every single property. And my intention is to keep at least 70 open."
"We want to help the liquidators sell their inventory. We don't want to be disruptive to that, but we also don't want employees thinking that they're all losing their jobs. That's why I've been so active is because, think about it. If you have a rent payment, a car payment, a tuition payment ... you need to know what the heck is happening," Lemonis said. "I don't want to disrupt what the liquidators are trying to do, but I am definitely going to protect my people at all costs. No matter what."
Lemonis said he is working on repurchasing inventory, and surviving stores will be restocked and reopened. Stores that experience temporary closures to be restocked should be open by late summer or early fall.